Caledonia Investments (LON:CLDN) Shares Cross Above 50 Day Moving Average – Here’s Why

Caledonia Investments Plc (LON:CLDN)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 3,362 ($42.43) and traded as high as GBX 3,470 ($43.80). Caledonia Investments shares last traded at GBX 3,450 ($43.54), with a volume of 53,047 shares changing hands.

Caledonia Investments Trading Up 0.6 %

The firm has a 50 day simple moving average of GBX 3,363.40 and a 200 day simple moving average of GBX 3,461.55. The firm has a market cap of £1.85 billion, a P/E ratio of 934.96 and a beta of 0.77. The company has a debt-to-equity ratio of 2.93, a quick ratio of 10.12 and a current ratio of 9.29.

Caledonia Investments Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th will be issued a GBX 19.69 ($0.25) dividend. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, December 5th. Caledonia Investments’s payout ratio is currently 1,897.02%.

About Caledonia Investments

Caledonia Investments plc is a self-managed investment trust company. It invests in private and public equity markets across the globe. The firm benchmarks the performance of its portfolios against the FTSE All-Share Total Return Index. Caledonia Investments plc was founded in 1928 and is based in London, United Kingdom.